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    Exam 5: Elasticity
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    Generally,as Goods Are More Broadly Defined
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Generally,as Goods Are More Broadly Defined

Question 55

Question 55

Multiple Choice

Generally,as goods are more broadly defined,


A) demand becomes more price elastic
B) demand becomes less price elastic
C) total expenditure falls as the price decreases
D) the demand curve becomes straighter
E) more substitute goods can be identified

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